Rome is a city with layers. Literally. Stretching back thousands of years, the ancient Italian capital has been built and rebuilt, sieged and sacked, and rebuilt some more. Its history is linked to countless world-changing events over the past 2,500 years, intricately connecting it to the entirety of Western civilization. (They don’t call it the Eternal City for nothing.)
Wandering through Rome and you little stumbled upon everywhere you go as there’s some ancient column or area that built around. In fact, it takes so long to build anything in the city because every time they try to build a subway, building, or change something, they stumble across new ruins and have to send in the archeologists to investigate.
Barely two weeks after a hacking incident compelled KiloEx’s suspension, the platform is staging a comeback and offering a compensation plan for affected victims.
The comeback highlights the platform’s resilience even as bad actors remain a consistent threat to the crypto industry.
How KiloEx Will Compensate Victims of $7 Million Hack
The YZi Labs-backed decentralized exchange (DEX) revealed the news in an X (Twitter) post, detailing how it would compensate victims.
“Due to the security incident on April 14, 2025, where KiloEx was exploited by a hacker, some user activities were affected. We are now announcing resolution plans for traders, Hybrid Vault stakers, and VIP users,” wrote the DEX.
In a follow-up Medium post, KiloEx detailed how it would unite traders, Hybrid Vault Stakers, and VIP users.
Instructions for KiloEx Traders
Traders’ limit orders will be canceled while taking profit, and stop losses will be executed as normal. Traders whose positions remained open during the platform suspension will remain active after the KiloEx platform resumes. However, those whose losses increased or profits decreased during this suspension will be fully compensated for the difference.
“Please close your position as soon as possible after the platform resumes,” KiloEx directed.
This directive comes as DEX will calculate compensation based on the platform’s resume time. Accordingly, traders who delay their position closure could incur differences between their actual PnL (profit and loss) and the compensation amount.
Instructions for Hybrid Vault Stakers on KiloEx
Hybrid Vault Stakers’ principal and earnings during the suspension period remain unaffected. The platform recovered and fully reinjected all stolen funds into the Hybrid Vault.
Nevertheless, KiloEx will still, based on eligibility, incentivize this cohort of users with a Special Yield Boost Campaign upon resuming.
“Users will receive an additional 10% APY on top of the base platform yield. The bonus yield will be paid out in USDT,” read an excerpt in the Medium post.
Instructions for KiloEx VIP Users
For this cohort of KiloEx $7 million hack victims, there will be a +1 level upgrade, excluding VIP7 users. However, all affected users, including VIP7, will also get a 30-day VIP status protection period.
Notably, the VIP status was determined based on a real-time snapshot taken at the time of the KiloEx security incident.
KiloEx Details Resumption Plans After Audits and Consultation
BeInCrypto reported that KiloEx suspended its platform following the attack, amidst collaborations with security partners to investigate the breach and track stolen funds.
Like the Zksync incident, it also commissioned a bounty program to encourage whitehat assistance and recover user assets. Following these measures and due diligence, the platform is ready to resume operations.
“KiloEx is coming back! Following a thorough security audit by SlowMist, we are officially resuming soon,” the DEX shared.
Blockchain security firm SlowMist corroborated the report, detailing its involvement in resolving the KiloEx incident.
“Recently, SlowMist helped KiloEx communicate with the attacker via on-chain messages, leading to the recovery of $8.44 million in stolen funds,” SlowMist wrote.
Further, the security firm highlighted the role of on-chain messaging in the recovery, presenting it as a crucial communication tool in blockchain, including security incidents.
Despite the news about resumption and compensation, KiloEx’s native token, KILO, is down by over 5%. As of this writing, it was trading for $0.0425 on CoinGecko.
Gate.io officially launched the brand-new airdrop platform CandyDrop. CandyDrop adopts a task-incentive mechanism, aiming to lower the entry barrier and enhance interaction between users and quality projects, creating a more convenient and efficient way for users to acquire cryptocurrencies.
Task-Driven Airdrops: Bridging Users with Quality Projects
CandyDrop is a token airdrop platform built by Gate.io, with its core mechanism being task-driven participation. Users can complete various tasks such as reaching a certain trading volume, depositing specific tokens, and inviting new users to register to earn candy points, which can be exchanged for project token airdrops.
Gate.io maintains its consistent professional standards in project selection, strictly controlling project quality, and selecting mature or high-potential tokens to ensure that users receive real and reliable rewards. This helps users access more quality assets while participating in the activities.
Easy Participation: Join CandyDrop Seamlessly
Participating in CandyDrop activities is very simple. On the web platform, users simply need to click “Startup” on the navigation bar and scroll to expand the “CandyDrop” page to easily join. On the app, click profile picture in the top left corner, scroll down to the “Earn” section, and open “CandyDrop” to quickly join the event as well.
After completing specified tasks, the system will award a corresponding amount of candy based on the task type. The more candy a user collects, the more tokens they will receive after the activity ends. After the activity ends, the platform will distribute the corresponding tokens to the user’s wallet based on the total amount of candy accumulated. Users can then choose to trade immediately to realize gains or hold the tokens long-term and wait for value appreciation.
CandyDrop Explained: Helping Users Participate with Confidence
CandyDrop activities have virtually no entry barrier, and all verified Gate.io users can participate. In addition to the aforementioned deposit, trading, and referral tasks, more innovative tasks will be introduced in the future.
CandyDrop’s candy distribution mechanism is closely tied to user engagement. The more tasks users complete, the more candy they receive, and the more likely they are to reach the required candy threshold to earn substantial rewards in each round. It is important to note that each CandyDrop event has an independent candy system, and candy from one event will not carry over to the next.
Each CandyDrop activity has its own rules and task requirements, which serve as the foundation for fair and orderly execution. Users must carefully read the detailed terms on the activity page before participating, to understand the rule specifics and better plan their participation strategy, allowing them to fully enjoy the event and its potential rewards.
CandyDrop: A New Model for Unlocking Asset Growth Opportunities
As the cryptocurrency market continues to develop, the CandyDrop platform, with its innovative, transparent, and user-friendly features, is expected to attract more users and inject new vitality into the industry. In the future, CandyDrop will continue to optimize platform functions, expand task types and incentive mechanisms, and provide users with diversified paths for asset appreciation, contributing to the prosperity of the crypto ecosystem.
Disclaimer: This content does not constitute an offer, solicitation, or recommendation. You should always seek independent professional advice before making investment decisions. Gate.io may restrict or prohibit certain services in specific jurisdictions. For more details, please read the User Agreement.
April 5, 2025, marks what would be the 50th birthday of Satoshi Nakamoto—the pseudonymous creator of Bitcoin. This alleged birthday is based on the date listed in his P2P Foundation profile.
While Nakamoto’s true identity remains unconfirmed, his legacy continues to shape the digital financial landscape. Here are five facts about the elusive Bitcoin architect:
April 5 Wasn’t Random
Nakamoto listed April 5, 1975, as his birthday—exactly 42 years after the US government banned private gold ownership under Executive Order 6102 on April 5, 1933, to stabilize the dollar.
Satoshi’s wallet, believed to hold 1.096 million BTC, has remained untouched since early 2010. Over the past decade, its value has risen more than 333-fold, now exceeding $91 billion.
Despite the wallet’s inactivity, CoinJoin transactions are regularly sent to its address. Some view this as an act of homage or a method of obfuscation.
Embedded in Bitcoin’s first block is the headline: “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.” The line is from a UK newspaper.
It is seen as a critique of centralized monetary policy and remains one of Nakamoto’s only public statements beyond technical documentation.
Fifteen years after its launch, Bitcoin remains secure and deflationary by design. Nakamoto’s codebase, while modified and improved by the open-source community, still forms the foundation of the network, securing over $1.6 trillion in value.
